economy. -- on the 2013 budget and u.s. economy. from the house budget committee, this is two and a half hours. >> thank you again for coming and testifying. i want to thank you for your staff putting together the latest budget economic outlook. we understand you had a time crunch given the end of year episodes that occurred. i want to say that you didn't miss much of a deadline and to put out your baseline in a fairly quick form given the circumstances you had to contend in. i am sorry to say that the cbo says our economy will grow by only 1.4% this year. unemployment will hover around 8% this year. we will add another trillion dollars to our debt. that is the news we have received. further down the road things get worse. the cbo says will add 10 trillion dollars to our debt by the end of the budget window. it will weigh down our economy like an anger. by 2018, the economy will grow by two 0.2%. when people cannot find jobs, many stop looking altogether for work. this report is a warning of what is to come if we do not get spending